Table Of ContentInternationalPoliticalEconomySeries
GeneralEditor:TimothyM.Shaw,ProfessorandDirector,InstituteofInternational
Relations,TheUniversityoftheWestIndies,Trinidad&Tobago
Titlesinclude:
LeslieElliottArmijo(editor)
FINANCIALGLOBALIZATIONANDDEMOCRACYINEMERGINGMARKETS
RobertBoardman
THEPOLITICALECONOMYOFNATURE
EnvironmentalDebatesandtheSocialSciences
Jo¨rnBro¨mmelho¨rsterandWolf-ChristianPaes(editors)
THEMILITARYASANECONOMICACTOR
SoldiersinBusiness
GerardClarkeandMichaelJennings(editors)
DEVELOPMENT,CIVILSOCIETYANDFAITH-BASEDORGANIZATIONS
BridgingtheSacredandtheSecular
GordonCrawford
FOREIGNAIDANDPOLITICALREFORM
AComparativeAnalysisofDemocracyAssistanceandPoliticalConditionality
MattDavies
INTERNATIONALPOLITICALECONOMYANDMASSCOMMUNICATIONINCHILE
NationalIntellectualsandTransnationalHegemony
MartinDoornbos
INSTITUTIONALIZINGDEVELOPMENTPOLICIESANDRESOURCESTRATEGIESIN
EASTERNAFRICAANDINDIA
DevelopingWinnersandLosers
FredP.Gale
THETROPICALTIMBERTRADEREGIME
MericS.GertlerandDavidA.Wolfe
INNOVATIONANDSOCIALLEARNING
InstitutionalAdaptationinanEraofTechnologicalChange
AnneMarieGoetzandRobJenkins
REINVENTINGACCOUNTABILITY
MakingDemocracyWorkforthePoor
AndreaGoldstein
MULTINATIONALCOMPANIESFROMEMERGINGECONOMIES
Composition,ConceptualizationandDirectionintheGlobalEconomy
MaryAnnHaley
FREEDOMANDFINANCE
DemocratizationandInstitutionalInvestorsinDevelopingCountries
KeithM.HendersonandO.P.Dwivedi(editors)
BUREAUCRACYANDTHEALTERNATIVESINWORLDPERSPECTIVES
JomoK.S.andShyamalaNagaraj(editors)
GLOBALIZATIONVERSUSDEVELOPMENT
AngelaW.Little
LABOURINGTOLEARN
TowardsaPoliticalEconomyofPlantations,PeopleandEducationinSriLanka
JohnLoxley(editor)
INTERDEPENDENCE,DISEQUILIBRIUMANDGROWTH
ReflectionsonthePoliticalEconomyofNorth–SouthRelationsattheTurnofthe
Century
DonD.Marshall
CARIBBEANPOLITICALECONOMYATTHECROSSROADS
NAFTAandRegionalDevelopmentalism
SusanM.McMillan
FOREIGNDIRECTINVESTMENTINTHREEREGIONSOFTHESOUTHATTHEENDOF
THETWENTIETHCENTURY
S.JavedMaswood
THESOUTHININTERNATIONALECONOMICREGIMES
WhoseGlobalization?
JohnMinns
THEPOLITICSOFDEVELOPMENTALISM
TheMidasStatesofMexico,SouthKoreaandTaiwan
PhilipNel
THEPOLITICSOFECONOMICINEQUALITYINDEVELOPINGCOUNTRIES
PiaRiggirozzi
ADVANCINGGOVERNANCEINTHESOUTH
WhatRolesforInternationalFinancialInstitutionsinDevelopingStates?
LarsRudebeck,OlleTo¨rnquistandVirgilioRojas(editors)
DEMOCRATIZATIONINTHETHIRDWORLD
ConcreteCasesinComparativeandTheoreticalPerspective
BenuSchneider(editor)
THEROADTOINTERNATIONALFINANCIALSTABILITY
AreKeyFinancialStandardstheAnswer?
HowardStein(editor)
ASIANINDUSTRIALIZATIONANDAFRICA
StudiesinPolicyAlternativestoStructuralAdjustment
WilliamVlcek
OFFSHOREFINANCEANDSMALLSTATES
Sovereignty,SizeandMoney
InternationalPoliticalEconomySeries
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Advancing Governance in
the South
What Roles for International Financial
Institutions in Developing States?
Pia Riggirozzi
ResearchAssociate,DepartmentofPolitics,UniversityofSheffield,UK
©PiaRiggirozzi2009
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Riggirozzi,Pia,1971–
AdvancinggovernanceintheSouth:whatrolesforinternational
financialinstitutionsindevelopingstates?/PiaRiggirozzi.
p. cm.—(Internationalpoliticaleconomyseries)
Includesbibliographicalreferencesandindex.
1. Financialinstitutions,International—Developingcountries.
2. Financialinstitutions,International—Argentina. 3. Developing
countries—Economicpolicy. 4. Argentina—Economicpolicy. I. Title.
HG3881.R472009
332.1(cid:2)5091724—dc22 2008030470
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18 17 16 15 14 13 12 11 10 09
This book is dedicated to John and Delfina.
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Contents
ListofTableandFigures ix
Acknowledgements x
ListofAbbreviations xi
1 Introduction 1
Craftinggovernancefordevelopment 3
Powerpoliticsandreformprocesses 9
Conveyorsandbrokersoffunds,knowledgeandpolicies 15
Thecoreargument 18
2 BrokersandConveyorsofGovernance 23
Issuesofpowerintheinternationalpoliticaleconomy 25
Groundinggovernanceinlocalpowerpolitics 32
Knowledge,fundsandpro-reformnetworks 37
Afinalnoteonbrokersandconveyorsofgovernance 44
3 ComplexitiesofGovernanceinArgentina’sPolitical
Economy 47
NeoliberalgovernanceinArgentina 49
Crisisofneoliberalism 59
Contendingideasandtheattempttochangegovernancein
Argentina 64
Conclusion 71
4 ContestingGovernance:PowerandPoliticsinJudicial
ReforminArgentina 74
Governance:TheIFIs’(a)politicaldilemma 75
ThepoliticsofjudicialreforminArgentina 78
TheWorldBankasaconveyoroffundsandparadigms 83
Judicialreformintheaftermathofthecrisisofneoliberalism 90
Contestingjudicialreform 94
Conclusion 96
vii
viii Contents
5 GovernanceasPoliticalEngagement:Promoting
Anti-CorruptionPoliciesinArgentina 99
Anti-corruption within the ‘Knowledge Bank’: An attempt
toavoidthe‘bestpractices’trap 101
Broadeningthescopeforaction 103
TheproblemofcorruptioninArgentina 106
Localexpertsandcontestingideas:Promotingreform
fromwithin 109
TheWorldBankandthepoliticsofanti-corruptionin
Argentina 112
TheAnti-CorruptionOfficeProgramme 116
TheCrystalInitiative(IniciativaCristal) 118
Brokeringknowledge,fundsandreformnetworks 120
Conclusion 121
6 GovernanceafterNeoliberalisminArgentina 125
Governance:Technicalversuspolitical 126
Promotinggovernanceinachangingpoliticaleconomy 131
Afterneoliberalism,what? 134
TheroleoftheIFIsinpost-crisisgovernance 137
TheWorldBankandtheIDB:ReinventingtheCommons 142
Conclusion 153
7 A Regional Platform for Alternative Governance: What
RolesfortheIFIs? 155
Changes and dilemmas in current Latin American political
economy 158
Beyondneoliberalgovernance:Wheredowegofromhere? 162
Newrulesofthegame? 167
Alternativegovernancepractices:Bankingonautonomy 171
8 PromotingGovernanceinDevelopingCountries:
TheNeedforaNewCompromise 179
The politics of governance and future challenges for the
internationalfinancialinstitutions 182
References 188
Index 203
List of Table and Figures
Table
3.1 ChangesinIncomeDistributioninUrbanArgentina,
1990–2002 63
Figures
3.1 Poverty,ExtremePovertyandUnemploymentin
Argentina,1990–2001 62
6.1 Argentina’sTotalExports,1981–2007(inUS$million) 145
6.2 WorldBank’sLoanPortfolioforArgentina,1998–2003
(US$7.8billion) 147
6.3 WorldBank’sLoanPortfolioforArgentina,2004–2005
(US$2.0billion) 148
6.4 WorldBank’sLoanPortfolioforArgentina,2006–2009
(US$3.3billion) 148
ix